IDEX Rallies Over 70% After Activating Layer 3 Capabilities

• IDEX crypto gained over 70% in less than 48 hours.
• The crypto’s trading volume has increased by almost 600% in one day to reach $310.7M.
• The current price surge comes after IDEX’s release of its Layer 3 capabilities.

IDEX, the underlying cryptocurrency of the decentralized exchange with a similar name, gained over 70% in the past 48 hours. The crypto asset, which opened at $0.559 yesterday, reached a new yearly high of $0.1057 in less than two days.

Data from the TradingView shows a ballistic price movement on IDEX that has broken multiple resistances, with bullish candles of significant momentum. CoinmarketCap data shows that in the past 24 hours, the IDEX trading volume has increased by almost 600% to reach $310.7 million, while its market capitalization climbed to $63.5 million, reflecting a 52% increase.

The current price surge comes after IDEX’s release of its Layer 3 capabilities. In an update, the IDEX team announced it released the latest version of its product, allowing users to take total control of their trading activities without relinquishing either performance or security. It described the innovatio…

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